Binary.com was one of the long-term binary options brokers, available on global financial market. Our Binary.com review revealed how they accept traders from South Africa and therefore, we decided to review their trading platform.
Binary.com initially appeared on financial market back in 1999 and are operated by the Binary Investments Ltd.
In this Binary.com review, we will take a closer look of the platform and trading instruments, which are available for traders in South Africa. For more details about this safe binary options broker, read further in our Binary.com review.
Binary.com Trading Platform
Our Binary.com review showed how this broker uses own proprietary software, which puts him in category of few binary brokers who offers their own software to registered traders. They enable traders to use a variety of trading tools and a selection of different underlying assets.
Traders in South Africa should know how Binary.com broker is a regulated one.
For Binary.com review, we learnt how required minimum deposit is low $5. Minimum investment is also just $5, while maximum is $100 000. Highest bonus is $150, while maximum payouts can go up to 100%.
Binary.com Trading Features and Services
Our Binary.com review revealed us how they offer a long list of trade options, combined with an exceptional list of different times of expiry. South Africans can choose whether they want to trade with following trade options: One Touch, High/Low, 60 Seconds, Boundary, Long Term and Touch Options.
Traders can select among short term and long term expiry times, covering trading within 15 s, 30 s, 60 s, 2 min, 5 min, 15 min, 30 min, 1 hr, 24 hr, 24 hr+, end of day/week/month, 30 days and 150 days as maximum.
Traders can invest in different underlying assets, such as forex, commodities, OTC stocks, indices and volatility indices. Full list of assets can be found under Asset Index on the bottom of the website.
According to our Binary.com broker review, we noticed how they recently implemented mobile app, which is excellent news to all interested binary traders who are busy, but want to have access to mobile platform. This app is connected to both Android and Apple devices and can be used on tablets and mobile phones. Binary.com mobile app can be downloaded from App Store and Google Play.
On the other hand, they do offer demo account, which is an excellent news for inexperienced South African traders. When traders register on this platform, they will be offered with $10 000 of virtual money for safe trading.
Why we say safe? Because trading on Binary.com platform is risk free since traders don’t invest their real money but instead they get a chance to practice and test trading platform in order to have better trading results.
Another thing we came across Binary.com review is that they have implemented charts in real time, such as candlestick graphs and JAVA software, which enables traders to easily detect price range of chosen asset.
Our Binary.com review showed how they have prepared one of the best education section, together with blog. In Learning Center, South Africans can find training videos, including those related to different assets.
Also, traders can get more information about security tips, weekly market updates, glossary and FAQ. especially for new traders, Binary.com prepared tab called New to Trading? And education webinars to gain more trading knowledge.
Binary.com Customer Support
What we discovered in Binary.com review is that they offer assistance via several communication channels, such as: email firstname.lastname@example.org, live chat and phone for several countries worldwide. Binary.com also has offices in different countries (Malta, Japan, Malaysia and Isle of Man).
This way, traders can ask for help whenever needed and live chat showed as the quickest option, since support agent joined chat within seconds. Having good customer support is valuable to have since traders need to trust their broker, who will assist them achieve success while trading.
Also, this broker supports GameCare, an organisation which supports people with trading issues.
Our Binary.com review revealed how platform is multilingual and available on following languages: English, French, Spanish, Russian, German, Polish, Portuguese, Italian, Arabic, Indonesian, Vietnamese and Chinese.
Binary.com Banking Info
Traders in South Africa should know how registration on Binary.com is free, however deposit is required to start trading. Minimum deposit amount is $5, which is extremely low and also, attractive for traders to join and begin their binary trading experience.
They offer absolutely amazing list of deposit methods as we discovered in Binary.com review. It is important to keep in mind how selected payment method while depositing has to remain the same as when withdrawing.
Under Banking tab, traders can click on Cashier (to select payment option and upgrade to a real account) or on Payment Methods option.
Available deposit methods with Binary.com are:
- Debit / credit cards: Mastercard, Visa and UnionPay
- Bank wire: Western Union, Internet Banking, Internet Bank Transfer and Bank Transfer
- E-wallets: Skrill Moneybookers, Neteller, OK Pay, FasaPay, Perfect Money, Moneta.ru, WebMoney, QIWI, Yandex.Money and PaySafe Card
With cards and e-wallets, deposits are instant, while withdrawal time depends on selected option, but is usually between 1-2 working days. Only via bank wire, withdrawal time can go up to 5 working days.
Fees are low with Binary.com and only via bank wire transfer, fees are $25.
Also, Binary.com review shows how there is no need for traders in South Africa to send any documents to authorize trading account. It is important to mention how payments are done only with AAA-rated banks, which implies better confidence for registered traders.
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